President Donald Trump didn’t have to dig deep to reimburse Michael Cohen for his payments to Stormy Daniels – an array of other Trump properties raked in funds during the president’s first year in office.
One Trump property that had a particularly good year was the luxury hotel in Washington D.C. on Pennsylvania Ave. near the White House.
Income doubled at the hotel, which Trump has been known to frequent for a steak along with aides and friends, reaching $40.4 million, according to Trump’s disclosure released Wednesday.
President Donald Trump turned in a detailed financial disclosure report this week
The year before, revenue was $19.6 million. Trump cut the ribbon for the hotel in 2016 during his presidential campaign.
The venue became a hot spot for supporters, lobbyists, White House officials, and foreign dignitaries in Washington, and has been a see-and-be-seen venue since Trump’s inauguration.
It is also the subject of an Emoluments Clause lawsuit claiming Trump could be accepting foreign income in a way that violates the Constitution.
The Trump organization said it donated $151,470 of proceeds from foreign governments at the hotel to the Treasury, but gave no further information on how it calculated the amount
BUSINESS IS BOOMING at Trump’s luxury hotel in Washington
Mar-a-Lago, where Trump doubled fees to $200,000, saw decline despite repeat presidential visits with staff and security
Trump has refused to divest from his company, but has handed control over to his sons Donald Trump Jr. and Eric Trump.
Trump’s international hotel management company saw a 500 per cent growth in income, Business Insider reported, up to $17.1 million.
But some of Trump’s golf courses were in the rough – despite repeated presidential visits with taxpayer-paid security and staff in tow.
At Mar-a-Lago, income was $25.1 million, down from $37.2 million in the previous report, MarketWatch reported. Last year’s report covered a period that stretched to a longer 15 1/2 months.
Trump’s Doral golf club also saw revenue declines compared to 2016
YUGE IN JAPAN: President Donald Trump and First Lady Melania Trump greet Japan’s Prime Minister Shinzo Abe and his wife Akie Abe ahead of a dinner at Trump’s Mar-a-Lago estate in Palm Beach, Florida on April 18, 2018
President Donald Trump waves to well-wishers after dinner with first lady Melania Trump and Barron Trump at the Trump International Hotel on October 14, 2017 in Washington, DC
If the course’s 2017 income is taken on a monthly basis and projected to a longer time frame to adjust for the different report lengths, still show a decline in the millions.
The current monthly income of about $2 million per month is about $300,000 per month less than the last period – and may reflect a number of charity and other groups who have elected not to use the location for galas and events since Trump took office.
The Trump Organization brought in $221 million from 15 courses over the year. That was a decline from his last report, which showed $288 million in revenue.
Trump National Doral golf course in Florida showed a drop from $115.9 million to $75.8 million over the period.
Even if not all Trump’s properties were doing as well as the prior year, there were other perks. Trump declared under ‘gifts and travel reimbursements’ a $1,150 set of golf clubs and a golf bag from PGA golfer Kevin Steelman, and another $750 set of clubs from PGA golfer Bryson DeChambeau.